2013年7月17日

Chinese Market Valuations


日期:2013/07/16

Jim Rogers in his excellent book Street Smarts continues to advise putting all the chips into China. People I met with in China told me they don't know anyone who's ever made money in Chinese stocks except for the members of the party. The growth rate of China according to Jim is a completely doctored number with all the Asian countries trying to outdo the other the same way they do here. But I thought that the p/e and p/b would be of interest. It will be a fight between the amount of money siphoned off by the flexions and the natural growth rate of a country whose labor costs are rapidly rising to our level.

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